EU places ESG reporting on par with financial data
A new EU law from 2025 will require companies in Europe to accept a future in which their reporting data on sustainability and their ESG impact will be just as important as data on their financial performance. Non-EU companies also will be subject to these requirements. “The landscape is going to change because preparers are going to offer reliable data,” said Patrick de Cambourg, chair of the EU taskforce on sustainability reporting standards.